[This Day] In a landmark step aimed at modernising Nigeria's gas industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday launched the country's first Gas Trading Licence alongside a new Clearing House and Settlement System, an initiative expected to usher in a transparent, competitive and investment-ready gas market for Africa's biggest energy producer.
[This Day] The Dangote Refinery raised in-country petrol supply by about 5.5 million litres per day in November, up from 18.03 million litres in October to 23.52 million in November, despite a pledge of 35 million litres per day average, fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed yesterday.
[Nile Post] The East African Crude Oil Pipeline (EACOP) Ltd. has signed a Memorandum of Understanding (MoU) with the Industry Enhancement Centre (IEC), marking a major step toward strengthening national content development and enhancing the capabilities of Ugandan Small and Medium-sized Enterprises (SMEs) involved in the oil and gas sector.
[Premium Times] The official data from the regulator also show that the refinery supplied an average of 5.596 million litres of Automotive Gas Oil (diesel) per day in the month under review.
[This Day] Oil prices hovered at two-week highs yesterday, as investors expected a likely U.S. Federal Reserve interest rate cut this week to lift economic growth and energy demand, while monitoring geopolitical risk that threatens Russian and Venezuelan supply.
[This Day] The Nigerian National Petroleum Company Limited (NNPC Ltd) yesterday revealed that its subsidiary, NNPC Exploration and Production Limited (NEPL) has recorded its highest oil production of 355,000 barrels per day, the first in 36 years.
[Dabanga] Heglig / Port Sudan / Beijing -- The paramilitary Rapid Support Forces (RSF) announced on Monday that they had seized the Heglig oil field in West Kordofan, declaring the move a turning point in their campaign to "liberate the entire homeland."
[This Day] Abuja -- Global Exploration and Production (E&P) Capital Expenditure (CAPEX) has been projected to reach $504 billion by 2026, with Africa contributing about $41 billion, driven by spending in offshore prospects, including in Mozambique, Nigeria and Angola.
[Liberian Observer] The Liberia Petroleum Regulatory Authority (LPRA) has responded to growing public concerns regarding the reported presence of an oily substance in Beon's Town, Grand Bassa County. The Authority emphasized that all findings related to hydrocarbons must follow strict verification procedures before being communicated to the public.
[Nile Post] Ugandan companies have won more than US$2.2 billion in contracts in the country's oil and gas sector, the Petroleum Authority of Uganda (PAU) has confirmed, highlighting a significant increase in national participation since the development phase began.
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